Transaction in Own Shares

RNS Number : 4624M

Character Group PLC

25 May 2010

 

Date: Tuesday, 25 May 2010

The Character Group plc

('Company' or 'Group')

designers, developers and international distributors of toys, games and gifts

Transaction in Own Shares

As part of the Group's stated objective to enhance shareholder value, the Company advises that it yesterday bought back for cancellation 134,500 ordinary shares of the Company in the market, through Charles Stanley Securities at a price of 137 pence per share. This represents approximately 0.46 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares in issue as at the date of this notice (taking into account the ordinary shares purchased for cancellation by the Company announced above and excluding shares held in treasury) is 28,918,904 ("Revised Issued Voting Share Capital").

The Company holds 4,019,456 ordinary shares in treasury, representing approximately 13.90 per cent. of the Revised Issued Voting Share Capital, which do not carry voting rights.

The figure of 28,918,904 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or any change to their interest, in the Company under the Disclosure and Transparency Rules. 

The Company now has an unutilised capacity to buy back up to a further 2,829,923 ordinary shares in the Company (approximately 9.79 per cent. of the Revised Issued Voting Share Capital) under the authority granted at the AGM on 20 January 2010.

Enquiries:
	Richard King, Chairman	Fiona Tooley	Russell Cook
	Kiran Shah, Group Finance Director & Joint MD		Carl Holmes
	The Character Group plc	Citigate Dewe Rogerson	Charles Stanley Securities
	Mobile: [phone] (RK)	Mobile: [phone] (FT)	(Nominated Adviser)
	Mobile: [phone] (KS)	Tel: [phone]	Tel: [phone]
	Tel: [phone]
	www.thecharacter.com
	Ticker: AIM: CCT

 

END

 

 

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